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← PUBLIC INVESTORS ADVOCATE BAR ASSOC INC

Form 990 for tax year 2023

Filed by PUBLIC INVESTORS ADVOCATE BAR ASSOC INC.

Totals

Total revenue
$855,905
Total expenses
$932,561
Contributions and grants received
$235,106
Grants paid
$0
Program service revenue
$605,364
Investment income
$5,363
Other revenue
$10,072
Total assets, end of year
$278,192
Total liabilities, end of year
$39,906
Net assets or fund balances, end of year
$238,286
Program services expenses (Part IX)
$605,230
Management and general expenses
$327,331
Fundraising expenses
$0
Program service expenses (Part III)
$605,230

Program services were 64.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $198,476

  • 1f · All other contributions, gifts and grants

    $36,630

  • 2a · Program service revenue: Advertising Income

    total $4,400 · related or exempt $4,400

  • 2b · Program service revenue: Bar Journal Income

    total $2,165 · related or exempt $2,165

  • 2c · Program service revenue: Seminars/Meetings

    total $598,799 · related or exempt $598,799

  • 3 · Investment income

    total $5,363 · related or exempt $5,363

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $7,652

  • 6c · Rental income or loss

    real property $7,652

  • 6d · Net rental income or loss

    total $7,652 · related or exempt $7,652

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Rewards Card

    total $2,420 · related or exempt $2,420

  • 11e · Other revenue, total

    $2,420

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $145,000 · program services $108,750 · management and general $36,250

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $240,778 · program services $180,584 · management and general $60,194

  • 8 · Pension plan contributions

    total $10,546 · program services $7,909 · management and general $2,637

  • 9 · Other employee benefits

    total $746 · program services $559 · management and general $187

  • 10 · Payroll taxes

    total $39,849 · program services $29,887 · management and general $9,962

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $9,672 · management and general $9,672

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $21,388 · management and general $21,388

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $4,851 · management and general $4,851

  • 14 · Information technology

    total $31,791 · management and general $31,791

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $9,000 · management and general $9,000

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $277,541 · program services $277,541

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $5,491 · management and general $5,491

  • 24a · Other expenses: Policy

    total $71,095 · management and general $71,095

  • 24b · Other expenses: Board Meeting Expense

    total $32,572 · management and general $32,572

  • 24c · Other expenses: Officers' Expense

    total $26,432 · management and general $26,432

  • 24d · Other expenses: Postage and Shipping

    total $3,783 · management and general $3,783

  • 24e · All other expenses

    total $2,026 · management and general $2,026

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $77,048

  • 2 · Savings and temporary cash investments

    beginning of year $338,140 · end of year $196,144

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $5,000

  • 10a · Land, buildings and equipment: cost or other basis

    $33,320

  • 10b · Land, buildings and equipment: accumulated depreciation

    $33,320

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 25 · Other liabilities

    beginning of year $513 · end of year $39,906

  • 31 · Retained earnings, endowment or other funds

    beginning of year $337,627 · end of year $238,286

Mission and programs · 2023

Mission

To promote interests of the public investor in securities and arbitration by protecting public investors from abuses in the arbitration process.

Activities or mission (Part I)

The purposes and objectives of PIABA are as set forth in the articles of incorporation and as follows: (A) To promote fairness in the rules governing dispute resolution for investor claims against securities and commodities brokerage firms, registered investment advisory firms, financial institutions and their associated representatives as well as others who sell investments or investment advice to the public; (B) To seek to create, improve upon and promote the enforcement of statues, rules, regulations, laws and policies designed to promote investor rights and to prevent misconduct by those who sell investments and investment advice to the public; and (C) To seek to provide education to investors and the investing public regarding their rights and the misconduct by those who sell investments and investment advice to the public.

  • PIABA meetings provide association members the opportunity to review, discuss and learn how changes in the securities markets, federal and state legislative changes, court rulings, and SRO rule changes impact public investors and PIABA members in their representation of investors.

    Expenses $605,230

As filed on the 2023 return.

Listed in Part VII

  • Jennifer Shaw

    Executive Director

    Total calculated
    $145,000
    From this org
    $145,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Melanie Cherdack

    Director

    Total calculated
    $0
    Hours/week
    5
  • Samuel Edwards

    Director

    Total calculated
    $0
    Hours/week
    5
  • Benjamin Edwards

    Director

    Total calculated
    $0
    Hours/week
    5
  • W Scott Greco

    Director

    Total calculated
    $0
    Hours/week
    1.5
  • Jonathan Kurta

    Director

    Total calculated
    $0
    Hours/week
    5
  • Lance McCardle

    Director

    Total calculated
    $0
    Hours/week
    2
  • David Neuman

    Director

    Total calculated
    $0
    Hours/week
    4
  • Melinda Steuer

    Director

    Total calculated
    $0
    Hours/week
    5
  • William Young Jr

    Director

    Total calculated
    $0
    Hours/week
    5
  • Joseph Peiffer

    President

    Total calculated
    $0
    Hours/week
    5
  • Adam Gana

    Vice President

    Total calculated
    $0
    Hours/week
    15
  • Michael Bixby

    Vice President

    Total calculated
    $0
    Hours/week
    4.5
  • Courtney Werning

    Secretary

    Total calculated
    $0
    Hours/week
    3
  • Joseph Wojciechowski

    Treasurer

    Total calculated
    $0
    Hours/week
    8
  • Hugh Berkson

    Director

    Total calculated
    $0
    Hours/week
    7

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
30 August 2024
IRS schema version
2023v5.1
Source object
202432439349300308

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